Gatos Silver (NYSE:GATO) Price Target Increased to $7.00 by Analysts at Royal Bank of Canada

Gatos Silver (NYSE:GATOFree Report) had its target price increased by Royal Bank of Canada from $6.50 to $7.00 in a research report report published on Thursday morning, BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Separately, BMO Capital Markets reiterated a market perform rating and set a $6.25 price target on shares of Gatos Silver in a research report on Friday, December 1st.

Check Out Our Latest Stock Analysis on Gatos Silver

Gatos Silver Stock Up 2.7 %

Shares of GATO opened at $8.39 on Thursday. Gatos Silver has a 52 week low of $3.51 and a 52 week high of $8.82. The company has a market capitalization of $580.42 million, a price-to-earnings ratio of 44.16 and a beta of 2.15. The stock’s 50-day moving average price is $6.79 and its 200-day moving average price is $6.04.

Gatos Silver (NYSE:GATOGet Free Report) last issued its earnings results on Wednesday, February 21st. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.12.

Hedge Funds Weigh In On Gatos Silver

A number of hedge funds have recently bought and sold shares of GATO. Swiss National Bank boosted its position in Gatos Silver by 7.6% during the first quarter. Swiss National Bank now owns 98,000 shares of the company’s stock worth $423,000 after purchasing an additional 6,900 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Gatos Silver by 21.4% in the first quarter. JPMorgan Chase & Co. now owns 21,935 shares of the company’s stock valued at $95,000 after acquiring an additional 3,871 shares in the last quarter. MetLife Investment Management LLC lifted its position in shares of Gatos Silver by 57.0% in the first quarter. MetLife Investment Management LLC now owns 28,113 shares of the company’s stock valued at $121,000 after acquiring an additional 10,206 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Gatos Silver by 18.9% in the first quarter. Rhumbline Advisers now owns 46,688 shares of the company’s stock valued at $202,000 after acquiring an additional 7,417 shares in the last quarter. Finally, BlackRock Inc. lifted its position in shares of Gatos Silver by 1.8% in the first quarter. BlackRock Inc. now owns 3,542,883 shares of the company’s stock valued at $15,305,000 after acquiring an additional 63,615 shares in the last quarter. Hedge funds and other institutional investors own 44.81% of the company’s stock.

Gatos Silver Company Profile

(Get Free Report)

Gatos Silver, Inc engages in the exploration, development, and production of precious metals. It primarily explores for silver deposits. The company also explores for zinc, lead, copper, and gold ores. Its flagship asset is the Los Gatos District, including the Cerro Los Gatos mine in Chihuahua, Mexico.

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